Southborough_Construction_Ltd_30_Sep_2017_companies_house_set_of_accounts.html
Southborough_Construction_Ltd_30_Sep_2017_companies_house_set_of_accounts.html
Company registration number:
Report to the director on the preparation of the unaudited statutory financial statements of Southborough Construction Ltd
Period ended 30 September 2017
As described on the balance sheet, the Board of Directors of Southborough Construction Ltd are responsible for the preparation of the financial statements for the period ended 30 September 2017 , which comprise the primary_statements_list.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Unit 5a Park Farm, Chichester Road, Arundel,
West Sussex
BN18 0AG
United Kingdom
West Sussex
BN18 0AG
United Kingdom
Statement of Financial Position
30 Sep 2017 | |||
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Note | £ | ||
Current assets | |||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities | 439,051 | ||
Creditors: amounts falling due after more than one year | 7 |
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Net assets |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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For the period ending 30 September 2017 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 February 2018 , and are signed on behalf of the board by:
Director |
Company registration number:
10186914
Notes to the Financial Statements
Period ended 30 September 2017
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 5a Park Farm , Arundel , West Sussex , BN18 0AG , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stock and Work in Progress
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
4 Average number of employees
5 Debtors
30 Sep 2017 | ||
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£ | ||
Other debtors |
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6 Creditors: amounts falling due within one year
30 Sep 2017 | ||
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£ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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7 Creditors: amounts falling due after more than one year
30 Sep 2017 | ||
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£ | ||
Other creditors |
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9 Controlling party
The company throughout the year was under the control of P A Dabner who owns 100% of the voting share capital